New MEFMA Report Forecasts FM Industry Revenues in the GCC to Continue Growing by 10 per cent Annually.
A report from the Middle East Facilities Management Association (MEFMA) with confidence anticipates that incomes for the GCC region's FM industry will certainly remain to grow at 10 per cent yearly for the next two years. The outlook overview matches the region's growing FM section with local companies placing key focus to additional growing their core business lines. The statement, which is the outcome of a survey appointed by MEFMA, associates the anticipated development to vehicle drivers like the boosting need produced from the region's portfolio of construction tasks and a broadened extent of work originating from existing clients.
The report qualified Performance Benchmarking in the Facility Management Industry will be presented at MEFMA CONFEX Dubai 2018, which will certainly be held from April 29 to April 30, 2018 at the Address Hotel in Dubai Marina. This year's event is being held under the theme, 'Sustainable FM industry through creative value-based innovations.'
" These are truly interesting times for the GCC region's FM industry as specialists have predicted that incomes will remain to grow at a compounded yearly growth price (CAGR) of 10 per cent in the next two years - further sustained by the continually increasing variety of tasks in the GCC and the increased extent of work presented by existing FM clients,"said Jamal Lootah, President, MEFMA. "We appointed this record to display the immense potential of our region's FM industry and just how FM firms today could play a considerable role in maintaining this predicted increase in incomes. True sufficient, the step in the direction of further consolidating the FM market will certainly also likely cause a rise in Mergers & Acquisitions - combining smaller FM business with the larger and more reputable FM entities."
The MEFMA report indicates the application of stronger focus throughout the core services of FM companies offering MEP, A/C, janitorial, clean energy management, firefighting, rope gain access to, air duct & water cleaning company. The survey was completed by global consulting firm Protiviti and was performed across 35 FM providers of differing workforce dimensions across the UAE, Saudi Arabia (KSA) and Oman.
Sponsor for this year's edition of MEFMA Confex Dubai include Infor (Platinum), Apleona (Gold), Initial (Silver), Cofely Besix (Badge Sponsor), Chicago (Gift Sponsor), Dussman (Ecosystem Sponsor), ServeU (Integrated FM Sponsor) and Saned (Prevention & Safety Sponsor).
